XRP XRP has made considerable gains over the past month as traders continue to shower confidence on Ripple’s legal win against the U.S. Securities and Exchange Commission (SEC). For instance, XRP price has gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on whether or not XRP sales violated U.S. securities laws. In comparison, Bitcoin BTC and Ether…
After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having started 2022 trading around 6.25 per dollar, the cedi has now lost over 90% against the appreciating greenback. Protest Against the Cedi’s Depreciation The Ghanaian cedi…
North Korea’s state-sponsored cyber criminal group Lazarus has attacked Japanese crypto firms, according to a joint statement by Japan’s National Police and Financial Services Agencies. The attacks were carried out using phishing and social engineering techniques, according to a report by Japan News. Lazarus hackers allegedly reached out to target companies by pretending to be crypto company executives in emails…
According to records held by the French financial regulator l’Autorité des Marchés Financiers (AMF), the bank’s crypto subsidiary SG Forge was registered at the end of September for three activities related to trading cryptocurrencies. Providers must register with the AMF in France before they can offer services such as custody of crypto or operating a trading platform. SG Forge’s registration…
The Australian Securities and Investments Commission (ASIC) has issued a stop order preventing Web3-focused investment manager Holon from offering three crypto funds to retail investors. ASIC said it made the interim orders to protect retail investors from potentially investing in funds that “may not be suitable for their financial objectives, situation or needs.” The order will impact the Holon Bitcoin…
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using third-party payment processors. Curitiba Might Accept Crypto for Paying Taxes More and more municipalities are…
The value of HT, the native token of the Huobi cryptocurrency exchange, surged a staggering 79.4% over the week, nearly wiping off all losses it saw since the start of the year. With a market cap of $955 million, Huobi’s token is currently the 52nd-largest crypto asset. HT rewards Huobi users for their loyalty with lowered transaction fees while also…
Brian Armstrong, CEO of the world’s second-largest crypto exchange Coinbase, announced on Twitter that he will sell off about 2% of his Coinbase holdings to fund scientific research, sending the stock price tumbling amid an executive exodus in the crypto industry. Armstrong tweeted on Friday, “I’m passionate about accelerating science and tech to help solve some of the biggest challenges…
South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case. Real-Time Tracking According to a report, the Seoul Central District Prosecutors Office, which is investigating the unsanctioned remittance of…
Bitcoin BTC starts a new week keeping everyone guessing as a tiny trading range stays in play. A non-volatile weekend continues a familiar status quo for BTC/USD, which remains just above $19,000. Despite calls for a rally and a run to lower macro lows next, the pair has yet to make a decision on trajectory — or even signal that…
